Banking

The recent news that Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez will introduce legislation to cap credit card interest rates at 15%, should be a major wedge issue between the progressives (including Sen. Elizabeth Warren) and Joe Biden. This is a stark difference in their views about

JP Morgan CEO Jamie Dimon (salary: about $21 million annually) knows a lot about banking, but not much about how average people manage their finances, including a minimum wage teller who works for his bank. In this interesting video exchange, Dimon is dumbfounded when asked how

Online banks that work directly with customers, as opposed to traditional branch banks, are becoming more popular among younger depositors, according to a new JD Power Survey. The survey found that “direct banks continue to significantly outperform traditional retail banks in overall customer satisfaction.” The survey found

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The financial sector which has the most contact with the investing public–the mutual fund industry–has largely evaded pressures to reform.

This is a serious omission since the $3 trillion mutual fund industry plays a critical role in determining the financial well-being of millions of Americans. The industry’s problems, ranging from conflicts of interest to lack of transparency, affect retirement planning and the ability to build secure financial futures for millions of investors.read more...